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Article 'OPEC Reports Impact of Dangote Refinery on European Petrol Imports'- Nigeria News
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CBN Governor Dr. Olayemi Cardoso has pledged to combat the commoditization of the Naira, emphasizing its vital role in Nigeria’s economy. Speaking at the CHBO Stakeholders’ Conference, he outlined strategies including public awareness, improved cash distribution, digital payment promotion, and...
NNPCL has increased petrol prices to N990 per litre in Abuja and N960 in Lagos, reflecting market dynamics and the deregulation policy. The price hike follows global crude oil fluctuations and the commencement of loading operations at Dangote Refinery, with further increases expected due to...
The National Association of Telecoms Subscribers (NATCOMS) plans to sue the Nigerian Communications Commission (NCC) over its approval of a 50% telecom tariff hike. NATCOMS argues the increase is excessive and calls for a moderate 5%-10% rise instead. Subscribers cite economic hardships and...
The Nigerian Communications Commission (NCC) approved a 50% increase in telecom tariffs, raising call costs to ₦16.5 per minute. This hike could generate ₦6.74 trillion in revenue by 2025. Despite benefits for major operators, consumer groups oppose it, citing affordability concerns and...
The World Bank has banned Nigerian firms Viva Atlantic Limited and Technology House Limited, alongside CEO Norman Bwuruk Didam, for 30 months over fraudulent and corrupt practices related to the National Social Safety Nets Project. Violations include bid misrepresentation, falsified documents...
Lagos State generated $71.6 million from tourism and entertainment during the 2024 ‘Detty December’ festivities, with hotels and apartments driving revenue. Events like the Greater Lagos Fiesta and African Fashion Week attracted locals and tourists, highlighting the city’s cultural vibrancy and...
The Nigerian Communications Commission (NCC) has approved a 50% tariff increase for telecom operators, addressing rising operational costs. The adjustment aims to enhance service delivery, support infrastructure investments, and balance consumer protection with industry sustainability...
Bitcoin reached a historic $109,000 as Donald Trump’s return to the U.S. presidency sparks optimism in the crypto market. The surge is fueled by Trump’s pro-crypto stance and the launch of his meme coin, $TRUMP, which gained 900% in two days, underscoring the growing influence of politics on...
Melania Trump’s cryptocurrency, $MELANIA, skyrocketed to a £1.4 billion valuation shortly after launch, attracting thousands of investors. The coin’s success overshadowed Donald Trump’s $TRUMP coin, causing a temporary crash in its value. Critics question the ethical implications of the Trumps...
The Transmission Company of Nigeria (TCN) reports vandalism of 18 transmission towers in six days across Rivers, Abia, and Kano states, disrupting power supply and grid expansion. TCN urges public cooperation to protect critical infrastructure, highlighting the financial strain and operational...
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